Some 5,000 Faroese citizens had a median income in 2018 low enough to be at risk of poverty.
The ‘at-risk-of-poverty’ threshold is set at 60% of the national median equivalised disposable income.
Just over 5,000 Faroese citizens had a median income below this limit in 2018. This figure represents 10.1% of the total population. The first year with registered poverty statistics in the Faroe Islands was 2009, when 8.9% were deemed to be at risk of poverty. This figure has been growing since 2010, except for a 0.8% drop from 2014 to 2016 and a 0.4% drop from 2017 to 2018.
The 67+ age group features most prominently in this statistic, making up 27.4% of the total figure.
The southern part of the Faroe Islands (Sandoy and Suðuroy) has higher at-risk-of-poverty figures than the rest of the country.